GLOBALT Investments LLC GA Has $495,000 Position in Rockwell Automation, Inc. $ROK

GLOBALT Investments LLC GA reduced its position in shares of Rockwell Automation, Inc. (NYSE:ROK) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,490 shares of the industrial products company’s stock after selling 68 shares during the period. GLOBALT Investments LLC GA’s holdings in Rockwell Automation were worth $495,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in Rockwell Automation during the 2nd quarter valued at $150,000. Asset Management One Co. Ltd. raised its holdings in shares of Rockwell Automation by 5.8% in the second quarter. Asset Management One Co. Ltd. now owns 49,427 shares of the industrial products company’s stock valued at $16,418,000 after buying an additional 2,691 shares during the last quarter. Smith Group Asset Management LLC lifted its position in Rockwell Automation by 52.9% during the 2nd quarter. Smith Group Asset Management LLC now owns 7,645 shares of the industrial products company’s stock worth $2,539,000 after buying an additional 2,645 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Rockwell Automation by 10.6% in the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 21,310 shares of the industrial products company’s stock valued at $7,079,000 after acquiring an additional 2,048 shares in the last quarter. Finally, Warther Private Wealth LLC bought a new stake in shares of Rockwell Automation during the second quarter valued at approximately $333,000. 75.75% of the stock is owned by institutional investors.

Rockwell Automation Stock Performance

Shares of ROK stock opened at $357.01 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.72 and a current ratio of 1.06. The company has a market capitalization of $40.14 billion, a P/E ratio of 41.90, a price-to-earnings-growth ratio of 3.20 and a beta of 1.41. The company’s 50 day moving average price is $345.80 and its two-hundred day moving average price is $321.41. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $361.60.

Rockwell Automation (NYSE:ROK) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.15. Rockwell Automation had a net margin of 12.03% and a return on equity of 30.14%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business posted $2.71 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. On average, analysts expect that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Rockwell Automation

In related news, CEO Blake D. Moret sold 24,400 shares of Rockwell Automation stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $350.13, for a total value of $8,543,172.00. Following the sale, the chief executive officer owned 83,873 shares of the company’s stock, valued at approximately $29,366,453.49. The trade was a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Isaac Woods sold 365 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $348.44, for a total value of $127,180.60. Following the completion of the transaction, the vice president owned 1,691 shares of the company’s stock, valued at approximately $589,212.04. This represents a 17.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,553 shares of company stock valued at $10,361,079 over the last quarter. Insiders own 0.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on ROK. Weiss Ratings reiterated a “buy (b-)” rating on shares of Rockwell Automation in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Rockwell Automation from $320.00 to $357.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Wall Street Zen raised shares of Rockwell Automation from a “hold” rating to a “buy” rating in a research note on Sunday, September 21st. Stephens reiterated an “overweight” rating and set a $375.00 target price (up previously from $350.00) on shares of Rockwell Automation in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price target on Rockwell Automation from $345.00 to $355.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $347.94.

About Rockwell Automation

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.